07252016Mon
Last update: Mon, 25 Jul 2016 11am

Americas

Markets - FXMM - Americas

C$ pares losses against firmer greenback as oil rallies TORONTO: The Canadian dollar dipped against its broadly stronger US counterpart on Monday as investors braced for a potential increase in US interest rates this summer, but some losses were pared as oil turned higher.The greenback strengthened against a basket of major currencies after Federal Reserve Chair Janet Yellen said on Friday that a rate increase in the coming months "would be appropriate" if the economy and labor market continued to improve.The market has been "leaning" toward long US dollar positions after Yellen's hawkish remarks, said David Bradley, director of foreign exchange trading at Scotiabank, who noted that trading was exceptionally light due to the US holiday.Oil prices edged up toward $50 a barrel, although uncertainty ahead of a meeting on Thursday of the Organization of the Petroleum Exporting Countries was expected to cap gains, while Canadian production was set to restart after huge wildfires.US crude futures rose 27 cents ...

Markets - FXMM - Americas

C$ weakens against firmer greenback as oil dips TORONTO: The Canadian dollar weakened against its broadly stronger US counterpart on Monday as oil dipped and investors braced for a potential increase in US interest rates this summer.The greenback strengthened against a basket of major currencies after Federal Reserve Chair Janet Yellen said on Friday that a rate increase in the coming months "would be appropriate," if the economy and labor market continued to improve.Oil prices dipped as Iraq raised its crude exports target ...

Markets - FXMM - Americas

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards fell on Monday due to dollar demand from importers amid fears the currency could weaken further if the government increases spending following the country's worst natural disaster since 2004, dealers said.Dollar/rupee forwards, known as spot next, were at 147.80/148.00 per dollar, weaker compared with Friday's close of 147.55/60.Spot next, which acts as a proxy for the spot currency, indicates the exchange rate for the day following conventional spot settlement, which ...

Markets - FXMM - Americas

C$ weakens as oil dips, Yellen bolsters US rate hike bets TORONTO: The Canadian dollar weakened against its broadly firmer US counterpart on Friday as oil prices fell and after a speech by Federal Reserve Chair Janet Yellen bolstered the case for a US interest rate hike this summer.The US dollar strengthened against a basket of major currencies after Yellen said the Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated.The loonie ...

Markets - FXMM - Americas

Dollar gains before Yellen speech NEW YORK: The dollar index rose on Friday, on track for its strongest monthly performance since last November, before US Federal Reserve Chair Janet Yellen is due to speak and as investors anticipate rate increases in coming months. Investors are focused on Yellen's speech for any new signals that the US central bank is close to raising interest rates, after numerous Fed officials in recent weeks have talked up expectations that an increase may be ...

Markets - FXMM - Americas

Latam currencies slip ahead of Yellen speech SAO PAULO: Most Latin American currencies slipped on Friday as traders awaited possible hints about the timing of a US interest rate increase from Federal Reserve Chair Janet Yellen.She is due to speak at an event hosted by Harvard University at 17:15 GMT (1:15 p.m. ET).Several Fed policymakers have stressed recently that market expectations for the pace of rate hikes this year could be too pessimistic."Yellen may corroborate the hawkish tone adopted by Fed policymakers ...

Markets - FXMM - Americas

Dollar highest in two months as Yellen sees rate hike possible NEW YORK: The US dollar index hit two-month highs on Friday after Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months. In remarks in Boston, Yellen said a rate increase in the coming months "would be appropriate," if the economy and labor market continue to improve. "She didn't say no, the market took that as a positive sign for the dollar," said Boris Schlossberg, managing director ...